In Q1 2025, N39.86 billion was disbursed to 8,408 Retirement Savings Account (RSA) holders as equity contributions for residential mortgages, according to Oguche Agudah, CEO of the Pension Fund Operators Association of Nigeria, in an interview with journalists in Lagos.
In 2024, 1,390 contributors accessed N10.52 billion under the same policy, marking a 279% increase in disbursed value and a 505% rise in beneficiaries compared to the prior year.
Compared to Q4 2024, when 2,491 beneficiaries accessed N18 billion, Q1 2025 saw a 32% increase in value and an 18% rise in beneficiaries.
Agudah attributed the surge to increased awareness of the policy, improved access through pension fund administrators, and growing demand for affordable housing.
“Greater awareness of the policy, improved access through pension fund administrators, and rising demand for affordable housing have all played a role. More Nigerians are realising that their pensions are not only a retirement safety net but also a powerful tool to unlock home ownership today.
The Contributory Pension Scheme is creating real impact, giving people the means to secure homes, build stability, and strengthen financial inclusion across the country,” he said.
